The Mirror MA indicator features two mirrored moving averages in a separate chart window calculated based on a difference between two MAs with different calculation data, and one signal line calculated based on a direct moving average data.
It has eight input parameters:
First MA period – direct MA calculation period;
First MA method – direct MA calculation method;
First MA applied price – direct MA calculation price;
Second MA period – reverse MA calculation period;
Second MA method – reverse MA calculation method;
Second MA applied price – reverse MA calculation price;
Signal period – signal line calculation period;
Signal method – signal line calculation method.
Calculations:
Direct = MA1-MA2,
Reverse = MA2-MA1
Signal = MA(Direct, Signal period, Signal method)
where:
MA1 = MA(First MA applied price, First MA period, First MA method)
MA2 = MA(Second MA applied price, Second MA period, Second MA method)
If calculation data of these two MAs coincide (which lead to a zero difference between the two MAs), a warning with the error message will be displayed and the indicator will exit until the user changes the parameters.
